The company is rolling out 10 ambulances with Google Glass devices equipped with software that enables paramedics to transmit live audio and video to hospitals.
The San Francisco-based company will use the fresh funds to grow its technical team and continue building its smart glasses technologies for the hospital.
Glass at Work partner, the company will use the money to expand operations, fuel product development, and establish new partnership initiatives.
At CES, the Japanese company will show the world its concept product called "SmartEyeglass Attach!," which is meant to be attached to sports eyewear pieces.
The two giants have signed a multi-year R&D collaboration agreement to fuse premium, luxury and sports eyewear with smart technology.
The plan is that doctors share critical medical information with the hospital's staff while responding to 911 calls related to potential stroke victims.
By embedding Google Glass into the medical curriculum, students will have access to cutting edge technology and an enhanced learning experience.
The setting involves hard-of-hearing individuals wearing Glass while a second person speaks directly into a smartphone which converts speech into text.
Toshiba Glass doesn't have its CPU and battery, which should make it more affordable than Google Glass; it should be available in Japan and North America.
The company will use the funds from the oversubscribed round to expand its R&D, sales, marketing, and operations teams, supporting its rapid growth.